ORGANIZATION OF CASH POOLING WITHIN THE FRAMEWORK OF THE CENTRALIZED CASH FLOW MANAGEMENT MODEL: THE CASE OF THE TRANSPORT HOLDING

Abstract

The conditions of economic sanctions and restrictions on access to financial markets encourage large corporations to search for new models of cash management in order to use intra-group sources of liquidity. The active development of cash management tools, in particular cash pooling, encourages the more detailed approach to the issues of evaluating its effectiveness and implementation into the financial management system, taking into account the specifics of the business processes of the company and its subsidiaries. This article presents the results of the comparative analysis of the system of intra-group financing and physical cash pooling on the example of the transport holding. The author proposed the criteria for selecting subsidiaries for inclusion in the cash pool, and in the current conditions, justified the priority of using a mixed cash flow management model with centralization of operations.